Revenue
$3.68B
Fiscal year ended 2026-03-28Operating income
$411.42M
Fiscal year ended 2026-03-28Free cash flow
$679.56M
Fiscal year ended 2026-03-28Qorvo, Inc. (QRVO) reported revenue of $3.68B and net income of $338.99M for the fiscal year ended 2026-03-28. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from Qorvo, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Semiconductors & Related Devices.
Income
| Metric | 2026-03-28 | 2025-03-29 | 2024-03-30 | 2023-04-01 | 2022-04-02 | 2021-04-03 | 2020-03-28 | 2019-03-30 | 2018-03-31 | 2017-04-01 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.68B | $3.72B | $3.77B | $3.57B | $4.65B | $4.02B | $3.24B | $3.09B | $2.97B | $3.03B |
| Cost of revenue | $1.99B | $2.18B | $2.28B | $2.27B | $2.36B | $2.13B | $1.92B | $1.90B | $1.83B | $1.90B |
| Gross profit | $1.69B | $1.54B | $1.49B | $1.30B | $2.29B | $1.88B | $1.32B | $1.20B | $1.15B | $1.14B |
| Operating income | $411.42M | $95.53M | $91.70M | $183.17M | $1.23B | $906.63M | $423.22M | $216.47M | $70.28M | $88.06M |
| Net income | $338.99M | $55.62M | -$70.32M | $103.15M | $1.03B | $733.61M | $334.32M | $133.12M | -$40.29M | -$16.56M |
| Research & development | $726.12M | $747.71M | $682.25M | $649.84M | $623.64M | $570.40M | $484.41M | $450.48M | $445.10M | $470.84M |
| Weighted-average diluted shares | shares 93.55M | shares 95.45M | shares 97.56M | shares 103.02M | shares 111.55M | shares 116.02M | shares 119.29M | shares 127.36M | shares 126.95M | shares 127.12M |
| Pretax income | $398.27M | $65.90M | $73.56M | $124.63M | $1.18B | $807.38M | $395.09M | $91.79M | $17.14M | $27.30M |
| Income tax expense | $59.28M | $10.28M | $143.88M | $21.48M | $147.73M | $73.77M | $60.76M | -$41.33M | $57.43M | $43.86M |
| Diluted EPS | $3.62 | $0.58 | $-0.72 | $1.00 | $9.26 | $6.32 | $2.80 | $1.05 | $-0.32 | $-0.13 |
| Selling, general & administrative | $380.67M | $403.62M | $389.14M | $358.79M | $349.72M | $367.24M | $343.57M | $476.07M | $527.75M | $545.59M |
| General & administrative | $165.19M | $171.71M | $171.87M | $148.10M | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | $215.48M | $231.91M | $217.27M | $210.69M | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-03-28 | 2025-03-29 | 2024-03-30 | 2023-04-01 | 2022-04-02 | 2021-04-03 | 2020-03-28 | 2019-03-30 | 2018-03-31 | 2017-04-01 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.22B | $1.02B | $1.03B | $808.76M | $972.59M | $1.40B | $714.94M | $711.04M | $926.04M | $545.46M |
| Total assets | $5.83B | $5.93B | $6.55B | $6.69B | $7.51B | $7.22B | $6.56B | $5.81B | $6.38B | $6.52B |
| Current assets | $2.31B | $2.17B | $2.45B | $2.03B | $2.45B | $2.48B | $1.69B | $1.68B | $1.84B | $1.46B |
| Total liabilities | $2.48B | $2.54B | $3.00B | $2.79B | $2.96B | $2.59B | $2.27B | $1.45B | $1.61B | $1.63B |
| Current liabilities | $712.76M | $783.18M | $1.23B | $555.76M | $675.13M | $681.58M | $539.00M | $435.61M | $441.28M | $418.83M |
| Total equity incl. NCI | $3.34B | $3.39B | $3.56B | $3.90B | $4.55B | $4.63B | $4.29B | $4.36B | $4.78B | $4.90B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $553.72M | $640.99M | $710.56M | $796.60M | $755.75M | $507.79M | $517.20M | $511.79M | $472.29M | $430.45M |
| Accounts receivable | $382.51M | $386.72M | $412.96M | $304.52M | $568.85M | $457.43M | $367.17M | $378.17M | $345.96M | $357.95M |
| Goodwill | $2.35B | $2.39B | $2.53B | $2.76B | $2.78B | $2.64B | $2.61B | $2.17B | $2.17B | $2.17B |
| Long-term debt | $1.55B | $1.55B | $1.55B | $2.05B | $2.05B | $1.74B | $1.57B | $920.94M | $983.29M | $989.15M |
| Accounts payable | $242.87M | $260.66M | $252.99M | $210.70M | $327.92M | $313.87M | $246.95M | $233.31M | $213.19M | $216.25M |
Cash flow
| Metric | 2026-03-28 | 2025-03-29 | 2024-03-30 | 2023-04-01 | 2022-04-02 | 2021-04-03 | 2020-03-28 | 2019-03-30 | 2018-03-31 | 2017-04-01 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $808.63M | $622.20M | $833.19M | $843.23M | $1.05B | $1.30B | $945.65M | $810.36M | $852.52M | $776.82M |
| Capital expenditures | $129.07M | $137.60M | $127.23M | $158.95M | $213.47M | $186.96M | $164.10M | $220.94M | $269.84M | $552.70M |
| Investing cash flow | -$43.60M | $36.56M | -$136.47M | -$153.41M | -$595.96M | -$218.66M | -$1.11B | -$247.55M | -$277.41M | -$490.35M |
| Financing cash flow | -$566.53M | -$684.36M | -$459.57M | -$853.35M | -$875.51M | -$401.92M | $165.56M | -$776.66M | -$196.85M | -$165.65M |
| Net change in cash | $197.84M | -$28.08M | $240.32M | -$163.86M | -$425.50M | $682.70M | $4.23M | -$215.02M | $380.62M | $119.72M |
| Stock-based compensation | $136.07M | $136.35M | $120.83M | $105.58M | $83.51M | $89.32M | $75.98M | $71.58M | $68.16M | $88.84M |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | $532.55M | $356.34M | $400.05M | $861.75M | $1.15B | $515.08M | $515.13M | $638.07M | $219.91M | $209.36M |
| Depreciation & amortization | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Derived
| Metric | 2026-03-28 | 2025-03-29 | 2024-03-30 | 2023-04-01 | 2022-04-02 | 2021-04-03 | 2020-03-28 | 2019-03-30 | 2018-03-31 | 2017-04-01 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $679.56M | $484.60M | $705.96M | $684.28M | $835.78M | $1.11B | $781.54M | $589.43M | $582.68M | $224.12M |
| Gross margin | 45.9% | 41.3% | 39.5% | 36.3% | 49.2% | 46.9% | 40.8% | 38.7% | 38.6% | 37.4% |
| Operating margin | 11.2% | 2.6% | 2.4% | 5.1% | 26.4% | 22.6% | 13.1% | 7.0% | 2.4% | 2.9% |
| FCF margin | 18.5% | 13.0% | 18.7% | 19.2% | 18.0% | 27.8% | 24.1% | 19.1% | 19.6% | 7.4% |
| SBC / revenue | 3.7% | 3.7% | 3.2% | 3.0% | 1.8% | 2.2% | 2.3% | 2.3% | 2.3% | 2.9% |
| Current ratio | 3.24x | 2.77x | 1.99x | 3.65x | 3.63x | 3.64x | 3.14x | 3.87x | 4.18x | 3.49x |
| Revenue YoY growth | -1.1% | -1.3% | 5.6% | -23.2% | 15.7% | 24.0% | 4.8% | 3.9% | -1.9% | Unavailable |
| Net margin | 9.2% | 1.5% | -1.9% | 2.9% | 22.2% | 18.3% | 10.3% | 4.3% | -1.4% | -0.5% |
| R&D / revenue | 19.7% | 20.1% | 18.1% | 18.2% | 13.4% | 14.2% | 15.0% | 14.6% | 15.0% | 15.5% |
| CapEx / revenue | 3.5% | 3.7% | 3.4% | 4.5% | 4.6% | 4.7% | 5.1% | 7.1% | 9.1% | 18.2% |
| Long-term debt / equity | 0.46x | 0.46x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 14.9% | 15.6% | 195.6% | 17.2% | 12.5% | 9.1% | 15.4% | -45.0% | 335.0% | 160.6% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open QRVO in the interactive workspace to inspect any figure back to its filing.
Source filings
10-K · Filed 2026-05-08View SEC filing
10-Q · Filed 2026-01-28View SEC filing
10-Q · Filed 2025-11-03View SEC filing
10-Q · Filed 2025-07-30View SEC filing
10-K · Filed 2025-05-19View SEC filing
10-Q · Filed 2025-01-29View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.